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California law hurts secondary mortgage market, lenders say

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California Attorney General Rob Bonta’s office countered a lawsuit from lenders this week, arguing a new zombie seconds law doesn’t bar certain foreclosures outright.Eric Lee/Bloomberg Lenders are raising a host of arguments to halt California’s new zombie seconds law, which they say will freeze the secondary mortgage market.  Processing Content The California Mortgage Association and […]

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Comerica gives fuller account of Fifth Third deal talks

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Key insight: A few days after the OCC approved Comerica’s blockbuster sale to Fifth Third, the seller made an amended regulatory disclosure that provides more details about how the deal came together. What’s at stake: The $10.9 billion deal is the largest bank acquisition announced in 2025. Forward look: The deal still needs approval from

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Congress passes law to extend tax deadlines after disasters

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Congress has passed a bill giving taxpayers who have been affected by natural disasters some extra time to file a claim for a tax credit or refund. Processing Content The bipartisan bill, known as H.R. 1491, the Disaster Related Extension of Deadlines Act, was sponsored by Rep. Gregory Murphy, R-North Carolina, and Jimmy Panetta, D-California,

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